USA — Pinnacle Asset Management, L.P. (“Pinnacle”), a leading New York-based alternative asset management firm with a focus on global commodities markets, has announced that its portfolio company, Viserion Grain, LLC (“VGC”), a subsidiary of global agricultural merchant Viserion International Holdco, LLC (“Viserion International”), has successfully acquired four-grain elevator assets from Greenfield Grain, LLC.
The newly acquired assets are strategically located in Parkdale, Arkansas, Dunn, Crowville, and Lake Providence, Louisiana. The terms of the transaction were not disclosed.
Established in 2021, Viserion Grain is led by a team of experienced grain industry professionals dedicated to linking local producers with domestic and international agricultural supply chains.
The company’s services encompass marketing, transportation, commercial management, and grain storage, covering a broad area from northern Iowa to southern Louisiana along the nation’s inland waterways.
Speaking on the acquisition, Jason M. Kellman, Managing Partner and Chief Investment Officer of Pinnacle, remarked,
“The acquisition of these pivotal assets will significantly enhance VGC’s capability to integrate local producers into the domestic and global agricultural value chains. This strategic move also reinforces VGC’s position in meeting its customers’ needs for grain storage, transportation, and commercial management throughout the central and southern U.S.”
Tim Gallagher, President of VGC, added that the acquisition underscores their steadfast commitment to the U.S. agriculture sector and their dedication to advancing our origination capabilities for our esteemed customers.
“Expanding our presence in the Deep South with these grain elevator assets will enable us to better meet the evolving needs of domestic and international agriculture markets.
According to VGC, their extensive geographic reach, robust commercial expertise, and proficiency in managing river assets afford them a unique perspective on the market and unparalleled logistical flexibility.
“We are eager to integrate and operate these new assets and continue to support our expanding network of producers.”
Greenfield Holdings, LLC, an agriculture infrastructure company based in Denver, Colorado, acquired the four grain elevators in Louisiana and Arkansas from subsidiaries of Agspring, LLC in 2021.
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